Our Daily
Market Reports

Mid – Day Gold & Silver Market Report – 11/16/2010

At 12PM (CT) the APMEX precious metal prices were:

  • Gold price - $1,337.20
  • Silver price - $25.32
  • Platinum price - $1,644.40
  • Palladium price - $644.60

 

COMMENTARY: Stocks and precious metal prices were sharply down this morning as details began to surface on the Irish rescue plan. The current panic is driven by the revelation that the cost of Ireland’s bank bailout could be as much as 100 billion Euros. There is growing concern that this debt crisis will continue to spread with Portugal standing next in line. Markets might be giving back profits gained during the QE2 announcement as Europe’s troubles could interfere with the effectiveness of the Feds easing efforts.

Gold spot price is down $32.80 – Silver price is down 83 cents – Platinum spot price is down $41.40 – Palladium price is down $38.70

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Our spot prices are subject to change during the following hours, excluding holidays. View current spot prices for Gold, Silver, Platinum and Palladium on our Spot Price Charts page.

 
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Disclaimer:
APMEX Market Reports provide our readers with a review of spot price activity and some of the factors that may be affecting the market for Precious Metals. While the information is obtained from sources we believe to be reliable, we do not guarantee its accuracy or its completeness and we encourage you to conduct your own investigation prior to making any decision based on the information. The Market Reports are not intended as a comprehensive discussion and there may be other factors affecting the financial marketplace. These Market Reports are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, purchase or sell any Precious Metal product. All orders, purchases and sales, if any, are subject to the terms of the User Agreement and other applicable policies.

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